Birdwatch Note
2025-01-03 14:28:40 UTC - NOT_MISLEADING
The “evidence” used in the WH paper cited in the CN looks at effects of tariff increases from 1963-2014. The graph in OP starts in 1798. By 1963 tariffs are already insignificant. Also, it only looks at “medium term” effects of INCREASES, without considering normalization. https://www.nber.org/papers/w25402
Written by 862E6AA1BECFB498F710FC4FFF60CB07D0F26568CE089163E3C6EA3242C1ABDA
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- ID - 1875187526941790497
- noteId - 1875187526941790497
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- noteAuthorParticipantId - 862E6AA1BECFB498F710FC4FFF60CB07D0F26568CE089163E3C6EA3242C1ABDA
- createdAtMillis - 1735914520379
- tweetId - 1875049777186136481
- classification - NOT_MISLEADING
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- summary
- The “evidence” used in the WH paper cited in the CN looks at effects of tariff increases from 1963-2014. The graph in OP starts in 1798. By 1963 tariffs are already insignificant. Also, it only looks at “medium term” effects of INCREASES, without considering normalization. https://www.nber.org/papers/w25402
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